IDBI bank share is close to the main teacher, the expected financial bids in the Q3 FY26

Non -strategic investment for Idbi The bank is close to finishing, with due care and official consultations with all the concerned parties now. Aaronish Chaoula, Secretary of the Ministry of Investment and Public Asset Management (Dipam), confirmed on Friday that the accessories protocols have also been completed. “We hope to invite financial bids in the third quarter of this year (fiscal year 26),” Xola stated.

Selling the long -awaited share, which has been late several times over the past three years, is an important part of the elimination strategy of advanced center. Unlike the previous years in which the goals of non -investment have been reformed, the government is now focusing on flexibility and strategic results.

Currently, the government of India and LIC owns a 95 % stake in IDBI. As part of the sale, 60.72 % of the bank’s shares are offered, including 30.48 % of the center and 30.24 % of LIC, along with management control.

Dipam has received multiple expressions of interest (EOIS) to return in January 2023. The deal is expected to contribute, once completed, greatly, to the capital receipts that are not the directorate at the center, with the goal of completing assets and the assets of 47,000 rupees for FY26.

IDBI shares closed at 90.17 rupees on Friday, a decrease of 2.68 %.